Shareholders and tea farmers for Igara Tea Factory this week achieved a great milestone for the tea farmers.
Led by the Deputy Speaker of Parliament, the group held a high-level meeting with the Executive Director of dfcu Bank, Charles M. Mudiwa and his team, the Minister of Finance and Permanent Secretary, MPs from Tea Growing Areas, and Factory Management.
After long deliberations, the parties have agreed on the resolutions;
Immediate Halt on sale: dfcu Bank has agreed to halt the sale of Igara Tea Factory and its assets with immediate effect.
A comprehensive audit of the factory and its loans will be conducted to establish the truth behind the mess.
All pending tax waivers for tea factories will be brought to Parliament for urgent processing.
Government has committed to bailing out the struggling tea factories to save the livelihood of thousands of farmers who have been earning from the factory by selling their tea.
